ZTE wins China Telecom's broadband deal worth $632 million

ZTE has announced that it has won a contract for 40 per cent of China Telecom’s 2012 broadband equipment procurement project worth approximately RMB 4 billion or $632 million.

This is largest deal bagged by any company and includes supply of PON OLTs, FTTB MDUs, and broadband terminals. It includes over 21 million units valued at approximately RMB 4 billion ($ 632 million) and it is the largest broadband procurement project in the world in 2012.

Building IT infrastructure, including broadband, is a key part of China’s 2012 national development plan. China Telecom aims to increase its FTTH user base by 25 million, and to expand its FTTH coverage to more than 55 million households. With the new project, China Telecom also anticipates a total increase of 16 million to reach a total of 100 million its users.

"We are honored to continue to support China Telecom in driving national broadband development. With our expertise and experience in FTTH infrastructure, we are dedicated to partnering with leading operators to help them excel.” said Fan Xiaobing, vice president, ZTE.